Tag Archives: News

Taking advantage of this environment, HashKey Exchange became the first crypto firm in the city to obtain a license under the new licensing regime last month. HashKey Capital, the investment arm of Hong Kong-based financial services firm HashKey Group, has announced the launch of a secondary market crypto fund focused on investment in altcoins. The firm, which has over $1 billion in assets under management (AUM) and recently closed its third venture fund at $500 million, is looking to...

With Samsung winning the position of a competitor against SK Hynix, Nvidia will have more options when it comes to chip supply and stop relying on SK Hynix as a sole provider.  South Korean multinational electronics giant Samsung Electronics Co has reportedly won the right to supply advanced memory HBM3 chips to the world’s leader in artificial intelligence computing Nvidia Corp (NASDAQ: NVDA). Following the reports, Samsung saw its shares soar by 6%. Citigroup analysts Peter Lee and Josh...

The Crypto Travel Rule was created by the UN’s Financial Action Task Force (FATF) in June 2019 as a measure to prevent illicit actors from laundering money through cryptocurrencies. Commencing today, September 1, a new regulatory requirement is now in effect for cryptocurrency-related enterprises operating within the United Kingdom. This crypto rule was initially introduced by the Financial Conduct Authority (FCA) on August 17. It obligates Virtual Assets Service Providers (VASPs) to...

Historically, the United States has relied on other countries for battery materials and components. However, a growing number of automakers and battery manufacturers are announcing plans to establish battery production facilities within the United States.  The US Department of Energy (DOE) recently unveiled a $15.5 billion funding and loan package as part of President Biden‘s ambitious “Investing in America” agenda. This initiative announced by the Biden administration primarily focuses on...

August saw the crypto industry lose around $24 million in virtual assets due to various hacks and exploits. On August 30, Ivan Bianco, a prominent blockchain gaming-focused YouTuber known for his channel “Fraternized Crypto,” faced a devastating loss of approximately $60,000 in cryptocurrencies during a live stream. This unfortunate incident occurred when he inadvertently revealed the private keys to his crypto wallets. During the live stream, Bianco, who hails from Sao Paulo, Brazil, made...

The exchange recently partnered with blockchain platform Neo to bring its APAC Hackathon to the southern city of Bengaluru in an effort to understand the local culture and support the Web3 ecosystem.   Global cryptocurrency exchange OKX has announced that it will be expanding to India despite the murky regulatory environment in the country. In an interview with CoinDesk, the platform’s Chief Marketing Officer Haider Rafique revealed that OKX was looking to scale up its wallet services by...

Bitcoin cash price started a downside correction from the $230 zone against the US Dollar. The price is now trading above the $195 zone and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $208 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $200 and $195 support levels. Bitcoin cash price is declining from the $230 zone against the...

Hackers in North Korea have allegedly garnered illicit entry into the U.S. software company Jump Cloud and have targeted crypto clients. North Korea Again Seeks to Garner Crypto Hackers from North Korea trying to steal crypto is nothing new. There are many state-based hackers in the Asian country who are working hard to garner illicit funds so North Korea can continue to fund and build its ongoing nuclear program. It’s estimated the nation has stolen billions of...

Aside from dismissing the case against Uniswap, the judge also classified popular cryptocurrencies Ether (ETH) and Bitcoin (BTC) as commodities. United States District Judge Katherine Polk Failla has dismissed with prejudice the class action suit against the decentralized exchange Uniswap. Recall that in April 2022, six former investors on Uniswap filed a suit against the exchange for allowing scam tokens on its platform. The individuals claimed to have bought scam tokens EthereumMax...

The launch of these new audio and video features on X comes after Musk confessed that there are no more great social media apps currently. Only a few weeks after Twitter’s former Chief Executive Officer (CEO) Elon Musk renamed the social media platform to X, he has now announced the coming of new features to the app. Some of the expected features are audio and video calls but the specific date of their launch remains unknown to members of the public. According to Musk, these new features...